CHWRF (China Tower) Effective Interest Rate on Debt % : 2.81% (As of Jun. 2024)

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What is China Tower Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. China Tower's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was $353 Mil. China Tower's average total debt for the quarter that ended in Jun. 2024 was $12,552 Mil. Therefore, China Tower's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 2.81%.

China Tower Effective Interest Rate on Debt % Historical Data

The historical data trend for China Tower's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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China Tower Effective Interest Rate on Debt % Chart

China Tower Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Effective Interest Rate on Debt %

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3.52

3.55

3.16

3.22

2.79

China Tower Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial													3.18	3.14	3.14	2.81	3.04

Competitive Comparison of China Tower's Effective Interest Rate on Debt %

For the Telecom Services subindustry, China Tower's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

China Tower's Effective Interest Rate on Debt % Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, China Tower's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where China Tower's Effective Interest Rate on Debt % falls into.

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China Tower Effective Interest Rate on Debt % Calculation

China Tower's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2022 )	+	Total Debt (A: Dec. 2023 ))	/ count )
=	-1 * -395.927	/	( (11348.595	+	13252.57)	/ 2 )
=	-1 * -395.927	/	12300.5825
=	3.22 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6654.761	+	4693.834
=	11348.595

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	8959.973	+	4292.597
=	13252.57

China Tower's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Jun. 2024 ))	/ count )
=	-1 * -352.874	/	( (13252.57	+	11852.317)	/ 2 )
=	-1 * -352.874	/	12552.4435
=	2.81 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	8959.973	+	4292.597
=	13252.57

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	7519.953	+	4332.364
=	11852.317

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is two times the semi-annual (Jun. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

China Tower (OTCPK:CHWRF) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.

China Tower Effective Interest Rate on Debt % Related Terms

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China Tower Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » China Tower Corp Ltd (OTCPK:CHWRF) » Definitions » Effective Interest Rate on Debt %

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00788:Hong Kong 2Y1:Germany

Address

Yard No. 9, Dongran North Street, Room 101, LG1 to 3rd Floor, Building 14, China Tower Industrial Park, Haidian District, Beijing, CHN

Website

https://www.china-tower.com

China Tower Corp Ltd is a telecommunications tower infrastructure service provider. The Company is principally engaged in the construction, maintenance, and operation of base station ancillary facilities such as telecommunications towers, public network coverage in high-speed railways and subways, and large-scale indoor Distributed Antenna Systems (DAS). The business of the company includes Tower business; DAS business; Smart Tower business and Energy business. It generates maximum revenue from the Tower business.